A draft Inland Revenue briefing supports lifting the GST rate if required - and notes tax credits could help people on lower incomes.

The IRD briefing also brought up the lack of a capital gains tax, but did not endorse any specific view on it.

Tax expert Geof Nightingale told Heather du Plessis-Allan that lifting GST is a fast and efficient way to raise revenue.

But he says while quick, it's much harder on lower-income people.

A draft Inland Revenue briefing supports lifting the GST rate if required - and notes tax credits could help people on lower incomes.
The IRD briefing also brought up the lack of a capital gains tax, but did not endorse any specific view on it.
Tax expert Geof Nightingale told Heather du Plessis-Allan that lifting GST is a fast and efficient way to raise revenue.
But he says while quick, it's much harder on lower-income people.

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Geof Nightingale: Tax expert on the proposed increase in GST

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/beee1f73-a62e-4e45-8715-b309005f843e/transcript

The Black Caps have been put into bat by South Africa in the second of their five T20 matches in Hamilton tonight.

A strong start by the Kiwi openers Tom Latham and Devin Conway has them at 36 without loss after five overs a short time ago.

Sportstalk host D'Arcy Waldegrave explained further.

LISTEN ABOVE

The Black Caps have been put into bat by South Africa in the second of their five T20 matches in Hamilton tonight.
A strong start by the Kiwi openers Tom Latham and Devin Conway has them at 36 without loss after five overs a short time ago.
Sportstalk host D'Arcy Waldegrave explained further.
LISTEN ABOVE

D'Arcy Waldegrave: Sportstalk host on the Black Caps' second T20 match against South Africa

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/6f0139e6-9cc9-4f42-b240-b41000715fc6/transcript

Tonight on The Huddle, Jordan Williams from the Taxpayers' Union and former Green MP Gareth Hughes joined in on a discussion about the following issues of the day - and more! 

Chris Hipkins' ex-wife posted a series of allegations about the former Prime Minister on Facebook, and Hipkins denied the allegations in a media conference earlier today. Is this even our business? 

New Stats NZ figures show food prices rose 4.5 percent, with steak, mince and chocolate shooting up over 20 percent. How will this impact the Government ahead of the election? And what does this mean for inflation?

Do we need to start working from home before the fuel reserves run low? 

LISTEN ABOVE

Tonight on The Huddle, Jordan Williams from the Taxpayers' Union and former Green MP Gareth Hughes joined in on a discussion about the following issues of the day - and more!&nbsp;
Chris Hipkins' ex-wife posted a series of allegations about the former Prime Minister on Facebook, and Hipkins denied the allegations in a media conference earlier today. Is this even our business?&nbsp;
New Stats NZ figures show food prices rose 4.5 percent, with steak, mince and chocolate shooting up over 20 percent. How will this impact the Government ahead of the election? And what does this mean for inflation?
Do we need to start working from home before the fuel reserves run low?&nbsp;
LISTEN ABOVE

The Huddle: What does the food price data mean for inflation?

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/9e7af56e-a45b-44e4-b2c0-b410006fa206/transcript

We need to talk about inflation, because inflation is making me pretty sure now that the National Party needs to rethink its plan for this election.

We’ve just had the food inflation data out today. No surprise - food has gone up in price again in the year to February, up 4.5 percent.

The biggest increase in a single item was mince. It went up 23.2 percent. That is the highest recorded jump in mince in two decades.

Mince is a reasonably big deal in this data, I reckon, because mince - and sausages, obviously - is one of those bits of meat we go to when we’re feeling the pinch, right? If you can’t afford the sirloin steak, you go for the mince instead.

So if the so-called cheaper option is becoming that much more expensive, well, that tells you how hard it’s going to be for families to make ends meet.

And it’s, of course, not just the mince. Everything - everything - has gone up in price. There are a few items that have come back down but for the most part, the things you really need - not the snacks, the essentials - have gone up.

And this is going to get worse.

What’s been happening in and around the country for the past 17 days will, without a shadow of a doubt, push food prices up even further.

It’ll start with vegetables because they were already in the ground. Then it’ll move on to things that take longer to produce - wheat-based products, things like bread that take time to grow. Meat will go up. Everything will go up.

Because of the lack of access to urea, fertiliser prices are rising, so on-farm costs go up. Then there’s the fuel cost of getting produce from the farm to - I don’t know - let’s say the bakery, and from the bakery to the supermarket.

And that increased cost is going to land on us.

There’s a lag effect here. What’s going on now will hit us every single month for months to come. They’re talking about six months - but if they’re saying six months, you can assume it’ll be longer than that.

Now, the Nats’ whole strategy for this election was that they’d be fine because the economy would improve, we’d all feel richer, we’d thank them for making the cost-of-living issue go away, their polling would go up and they’d come through at the election on November 7.

That is not going to happen.

The cost-of-living crisis will not be over in November. It will keep hitting us through the things we can’t avoid - petrol for many, but food for everyone.

So the Nats need a new plan - one that requires them to actually do something, rather than just waiting for voters to feel richer. Because we’re not going to.

LISTEN ABOVE

We need to talk about inflation, because inflation is making me pretty sure now that the National Party needs to rethink its plan for this election.
We’ve just had the food inflation data out today. No surprise - food has gone up in price again in the year to February, up 4.5 percent.
The biggest increase in a single item was mince. It went up 23.2 percent. That is the highest recorded jump in mince in two decades.
Mince is a reasonably big deal in this data, I reckon, because mince - and sausages, obviously - is one of those bits of meat we go to when we’re feeling the pinch, right? If you can’t afford the sirloin steak, you go for the mince instead.
So if the so-called cheaper option is becoming that much more expensive, well, that tells you how hard it’s going to be for families to make ends meet.
And it’s, of course, not just the mince. Everything - everything - has gone up in price. There are a few items that have come back down but for the most part, the things you really need - not the snacks, the essentials - have gone up.
And this is going to get worse.
What’s been happening in and around the country for the past 17 days will, without a shadow of a doubt, push food prices up even further.
It’ll start with vegetables because they were already in the ground. Then it’ll move on to things that take longer to produce - wheat-based products, things like bread that take time to grow. Meat will go up. Everything will go up.
Because of the lack of access to urea, fertiliser prices are rising, so on-farm costs go up. Then there’s the fuel cost of getting produce from the farm to - I don’t know - let’s say the bakery, and from the bakery to the supermarket.
And that increased cost is going to land on us.
There’s a lag effect here. What’s going on now will hit us every single month for months to come. They’re talking about six months - but if they’re saying six months, you can assume it’ll be longer than that.
Now, the Nats’ whole strategy for this election was that they’d be fine because the economy would improve, we’d all feel richer, we’d thank them for making the cost-of-living issue go away, their polling would go up and they’d come through at the election on November 7.
That is not going to happen.
The cost-of-living crisis will not be over in November. It will keep hitting us through the things we can’t avoid - petrol for many, but food for everyone.
So the Nats need a new plan - one that requires them to actually do something, rather than just waiting for voters to feel richer. Because we’re not going to.
LISTEN ABOVE

Perspective with Heather du Plessis-Allan: The National Party needs to rethink its plan for this election

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ba83d217-3098-4bff-8d8c-b410006b8287/transcript

Geof Nightingale: Tax expert on the proposed increase in GST

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